EPR Properties (EPR) Plans Oct 18 Dividend of $0.36

EPR Properties (NYSE:EPR) declared a oct 18 dividend on Wednesday, October 17th, RTT News reports. Investors of record on Wednesday, October 31st will be paid a dividend of 0.36 per share by the real estate investment trust on Thursday, November 15th.

EPR Properties has increased its dividend payment by an average of 6.1% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. EPR Properties has a dividend payout ratio of 71.5% meaning its dividend is sufficiently covered by earnings. Analysts expect EPR Properties to earn $5.42 per share next year, which means the company should continue to be able to cover its $4.32 annual dividend with an expected future payout ratio of 79.7%.

Shares of EPR Properties stock opened at $68.20 on Thursday. EPR Properties has a one year low of $51.87 and a one year high of $71.43. The company has a market cap of $5.09 billion, a P/E ratio of 13.59, a P/E/G ratio of 4.66 and a beta of 0.51. The company has a current ratio of 6.16, a quick ratio of 6.16 and a debt-to-equity ratio of 1.03.

EPR Properties (NYSE:EPR) last announced its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $1.15 EPS for the quarter, missing the Zacks’ consensus estimate of $1.86 by ($0.71). EPR Properties had a return on equity of 8.63% and a net margin of 38.00%. The company had revenue of $202.90 million for the quarter, compared to analysts’ expectations of $198.17 million. During the same quarter in the previous year, the business posted $1.29 EPS. The business’s quarterly revenue was up 37.3% compared to the same quarter last year. On average, research analysts predict that EPR Properties will post 6.04 earnings per share for the current year.

In other EPR Properties news, SVP Michael L. Hirons sold 7,000 shares of EPR Properties stock in a transaction on Friday, August 17th. The stock was sold at an average price of $69.97, for a total value of $489,790.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.36% of the stock is owned by insiders.

A number of equities research analysts have commented on the company. ValuEngine downgraded EPR Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. TheStreet upgraded EPR Properties from a “c” rating to a “b” rating in a research report on Wednesday, August 1st. Citigroup lifted their target price on EPR Properties from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, August 2nd. Stifel Nicolaus lifted their target price on EPR Properties from $66.00 to $68.00 and gave the company a “hold” rating in a research report on Tuesday, July 31st. Finally, Bank of America lifted their target price on EPR Properties from $62.25 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.94.

About EPR Properties

EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $6.7 billion and our primary investment segments are Entertainment, Recreation and Education.

Further Reading: Google Finance

Dividend History for EPR Properties (NYSE:EPR)

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